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I would guess that Bitcoin is only a tiny fraction of the capital flight from China. I could imagine a few scenarios where China's access to Bitcoin gets cut o
by dmoy 9y ago
I would guess that Bitcoin is only a tiny fraction of the capital flight from China. I could imagine a few scenarios where China's access to Bitcoin gets cut off somehow, tanking Bitcoin, but leaving the other more utilized capital flight methods intact.
- conanbatt 9y agoOf course, I agree, you can always scare the canary to death by yourself. The big question is what is actually happening with china: is the outflow of money permanent, increasing or decreasing? If china was strangled by a crisis and devaluated internally, for example, and money came back into china, that could be devastating for the world.